The subject involving more crypto clarity has been debated a lot in the crypto space and not only. Now, it’s making headlines again due to SEC commissioner.
Ie’s been just revealed that the U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is reportedly vocalizing the urgent need for regulatory clarity across the crypto sector.
There’s an urgent need for regulatory clarity
Pierce has been a long-time supporter of crypto and has continually advocated for clearer regulations involving crypto and she has recently told Reuters that SEC guidance is needed as large corporations such as Tesla and BNY Mellon recently entered the crypto space.
“[The participation of corporate actors] adds to the urgency of us taking some sort of action in this area to provide more clarity…” she said.
She continued and explained that “It’s not only that there have been calls for clarity for some time and that a new administration brings the chance to take a fresh look, but it also is a moment where it seems others in the marketplace are also taking a fresh look.”
Not too long ago, she also addressed the role that the SEC has in regulating cryptos. She admitted that under the current legislation it can be pretty hard for companies to understand when an asset is a security.
“We have a specific definition of security which is actually quite broad and that has caused some people consternation and difficulty in trying to figure out exactly what the parameters of a security might be in our space… And that’s where most of the problems arise… ” she was saying a while ago.
We suggest that you check out the complete notes from Reuters in order to learn more about the subject.
Anyway, crypto adoption has been booming lately, and things are going great.